The Kogi State Internal Revenue Service (KGIRS) has charged property owners who have received Land Use Charge Demand Notice to pay up to fulfil their obligation to the State.
The Executive Chairman of KGIRS, Alhaji Sule Salihu Enehe disclosed this in Lokoja yesterday in a chat with Journalists on the significance of Land Use Charge, and early payment of tax.
He said the Land Use Charge introduced by the government was aimed at eliminating the burden of multiple taxations, including providing more streamlined and efficient tax system.
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Alhaji Enehe urged property owners that have received Land Use Charge (LUC) Demand Notice to pay as soon as possible to enable them enjoy early payment incentives. ‘Payment within 5 days of receipt of Demand Notice attracts 15% discount while payment within 15 days of receipt of demand Notice has 10% discount ; and payment within 25 days of receipt of Demand Notice also has 5% discount to encourage prompt payment of the LUC.
‘Payment can be made in all bank branches across the State as well as Kogi State Revenue POS Agents’ he said.
He assured that government would continue to use the revenue for infrastructure development, maintenance of the environment, and provision of adequate security for the State.
The Executive Chairman, KGIRS added : ‘The Land Use Charge offers several benefits, including; Accurate assessment of property values for taxation purposes, Identification and registration of property in the State, Allocation of land for government projects and social amenities, Employment opportunities for enumerators from the District, and Creation of a reliable database on the property makeup of the State to inform decision-making.
‘The tax obligation section of the Land Use Charge focuses on property used for lease and commercial purposes, but there are exemptions, and they include; Property owned and occupied by religious bodies for public worship or education, Public cemeteries and burial grounds,
‘Others are non-profit educational institutions and public libraries, palaces of recognised traditional rulers, community property like town-halls used for community meetings, and Property owned and occupied by pensioners’.